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Assurant, Inc. provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific. It operates through Global Lifestyle and Global Housing segments. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment protection, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and other products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $12.8B | - | $873M | $1.6B | 14.9% | 7.9% | 14.8% |
| 2024 | $11.9B | - | $760M | $1.1B | 14.9% | 6.7% | 18.3% |
| 2023 | $11.1B | - | $643M | $936M | 13.4% | 9.2% | 132.3% |
| 2022 | $10.2B | - | $277M | $411M | 6.5% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,193 | 11,131.60 | 11,877.50 | 12,814.30 |
| Operating Revenue | - | 10,193 | 11,131.60 | 11,877.50 | 12,814.30 |
| Total Expenses | - | 9,843.10 | 10,324.80 | 10,950.20 | 11,726.90 |
| EBIT | - | 458.20 | 914.80 | 1,034.30 | 1,197.10 |
| Interest Expense | - | 108.30 | 108 | 107 | 109.70 |
| Net Interest Income | - | -108.30 | -108 | -107 | -109.70 |
| Interest Expense Non Operating | - | 108.30 | 108 | 107 | 109.70 |
| Net Non Operating Interest Income Expense | - | -108.30 | -108 | -107 | -109.70 |
| Pretax Income | - | 349.90 | 806.80 | 927.30 | 1,087.40 |
| Tax Provision | - | 73.30 | 164.30 | 167.10 | 214.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.82 | 0.02 | 0 | -0.26 |
| Net Income Continuous Operations | - | 276.60 | 642.50 | 760.20 | 872.70 |
| Net Income From Continuing And Discontinued Operation | - | 276.60 | 642.50 | 760.20 | 872.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 276.60 | 642.50 | 760.20 | 872.70 |
| Net Income | - | 276.60 | 642.50 | 760.20 | 872.70 |
| Net Income Common Stockholders | - | 276.60 | 635.50 | 752.50 | 865 |
| Net Income Including Noncontrolling Interests | - | 276.60 | 642.50 | 760.20 | 872.70 |
| Normalized Income | - | 283.48 | 642.42 | 760.20 | 873.74 |
| Diluted NI Availto Com Stockholders | - | 276.60 | 635.50 | 752.50 | 865 |
| Basic Average Shares | - | 54.37 | 53.46 | 52.23 | 50.47 |
| Diluted Average Shares | - | 54.78 | 53.78 | 52.58 | 51.09 |
| Reconciled Depreciation | - | 182 | 196.40 | 223.50 | 250 |
| Total Unusual Items | - | -8.70 | 0.10 | 0 | -1.30 |
| Total Unusual Items Excluding Goodwill | - | -8.70 | 0.10 | 0 | -1.30 |
| Preferred Stock Dividends | 4.70 | - | - | - | - |
| Minority Interests | 0 | 0 | - | - | - |
| Net Income Discontinuous Operations | 758.90 | 0 | 0 | - | - |
| Special Income Charges | - | -8.70 | 0.10 | 0 | -1.30 |
| Other Special Charges | 20.70 | 0.90 | -0.10 | - | 1.30 |
| Impairment Of Capital Assets | 0 | 7.80 | 0 | 0 | - |
| Otherunder Preferred Stock Dividend | - | - | 7 | 7.70 | 7.70 |
| Loss Adjustment Expense | - | 2,359.80 | 2,521.80 | 2,766.50 | 2,927.80 |
| Net Policyholder Benefits And Claims | - | 2,359.80 | 2,521.80 | 2,766.50 | 2,927.80 |
| Policyholder Benefits Gross | - | 7,835.80 | 7,846.60 | 9,087.80 | 8,255.40 |
| Policyholder Benefits Ceded | - | 5,476 | 5,324.80 | 6,321.30 | 5,327.60 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Assurant, Inc.this co. | AIZ | $12.5B | 14.29 | 2.12 | 14.9% | - |
| Principal Financial Group, Inc. | PFG | $22.4B | 18.87 | 1.88 | 10.0% | - |
| Loews Corporation | L | $21.6B | 12.96 | 1.16 | 8.9% | - |
| Brown & Brown, Inc. | BRO | $19.4B | 18.65 | 1.55 | 8.3% | 12.86 |
| Franklin Resources, Inc. | BEN | $16.6B | 31.65 | 1.38 |
| - |
| - |
| - |
| - |
| 4.3% |
| 18.63 |
| Everest Group, Ltd. | EG | $12.6B | 7.95 | 0.82 | 10.3% | - |
| Invesco Ltd. | IVZ | $12.5B | -44.33 | 1.28 | -2.9% | 13.22 |
| Globe Life Inc. | GL | $12.0B | 10.32 | 2.01 | 19.4% | - |
| Erie Indemnity Company | ERIE | $11.5B | 20.52 | 5.03 | 24.5% | - |
| Peer Median | - | 15.81 | 1.46 | 9.4% | 13.22 | |